Hedge funds buoy bitcoin price despite banks' scepticism
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San Francisco
THE chief executive of JPMorgan Chase, Jamie Dimon, has called bitcoin a fraud and made it clear that he will not allow his bank to begin trading the virtual currency any time soon.
But that has not stopped a growing wave of big Wall Street investors - many of them hedge funds - from pouring their money into bitcoin, helping extend an eight-month spike in its price.
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